Happy Hearts
EIN: 470710106 · Murray, NE
| Metric | Value |
|---|---|
| Total Revenue | $287K |
| Total Expenses | $277K |
| Net Assets | $58K |
Is Happy Hearts Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Happy Hearts
Happy Hearts (EIN: 470710106) is a nonprofit organization based in Murray, NE. The organization reported total revenue of $287K and total assets of $44K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Happy Hearts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Happy Hearts is a small nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $285K |
| Total Expenses | $277K |
| Surplus / Deficit | +$8K |
| Total Assets | $63K |
| Total Liabilities | $5K |
| Net Assets | $58K |
| Operating Margin | 2.7% |
| Debt-to-Asset Ratio | 8.0% |
| Months of Reserves | 2.7 months |
Financial Health Grade: A
In 2023, Happy Hearts reported a surplus of $8K with revenue exceeding expenses, holds 2.7 months of operating reserves (limited), has a debt-to-asset ratio of 8.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Happy Hearts's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +41.0% | +35.3% | +26.6% |
| 2022 | -15.5% | -17.9% | -13.2% |
| 2021 | -22.6% | -28.2% | -19.4% |
| 2020 | -32.3% | -23.7% | +46.4% |
| 2019 | +13.2% | +13.3% | +11.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Happy Hearts has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Happy Hearts with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $8K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.0%.
Frequently Asked Questions about Happy Hearts
Is Happy Hearts a legitimate charity?
Based on AI analysis of IRS 990 filings, Happy Hearts (EIN: 470710106) insufficient data. 0 red flags identified, 0 strengths noted.
How does Happy Hearts spend its money?
Detailed spending breakdown data is not yet available for Happy Hearts. Check back for updated IRS 990 analysis.
Are donations to Happy Hearts tax-deductible?
Happy Hearts is registered as a tax-exempt nonprofit (EIN: 470710106). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Happy Hearts located?
Happy Hearts is headquartered in Murray, Nebraska and files with the IRS under EIN 470710106.
How many years of IRS 990 filings does Happy Hearts have?
Happy Hearts has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $287K in total revenue.
Filing History
IRS 990 filing history for Happy Hearts showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Happy Hearts's revenue has grown by 18%, moving from $241K to $285K. Total assets increased by 114.4% over the same period, from $29K to $63K. Total functional expenses rose by 24.1%, from $223K to $277K. In its most recent filing year (2023), Happy Hearts reported a surplus of $8K, with revenue exceeding expenses. The organization holds $5K in liabilities against $63K in assets (debt-to-asset ratio: 8.0%), resulting in net assets of $58K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $285K | $277K | $63K | $5K | — | View 990 |
| 2022 | $202K | $205K | $50K | $3K | — | View 990 |
| 2021 | $239K | $249K | $57K | $6K | — | — |
| 2020 | $309K | $347K | $71K | $10K | — | View 990 |
| 2019 | $457K | $455K | $48K | $5K | — | View 990 |
| 2018 | $403K | $402K | $43K | $3K | — | View 990 |
| 2017 | $381K | $382K | $47K | $7K | — | View 990 |
| 2016 | $364K | $367K | $47K | $8K | — | View 990 |
| 2015 | $324K | $325K | $39K | $8K | — | View 990 |
| 2014 | $261K | $259K | $34K | $16K | — | View 990 |
| 2013 | $268K | $279K | $32K | $16K | — | View 990 |
| 2012 | $256K | $248K | $44K | $17K | — | View 990 |
| 2011 | $241K | $223K | $29K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $285K, expenses of $277K, and assets of $63K (revenue +41.0% year-over-year).
- 2022: Revenue of $202K, expenses of $205K, and assets of $50K (revenue -15.5% year-over-year).
- 2021: Revenue of $239K, expenses of $249K, and assets of $57K (revenue -22.6% year-over-year).
- 2020: Revenue of $309K, expenses of $347K, and assets of $71K (revenue -32.3% year-over-year).
- 2019: Revenue of $457K, expenses of $455K, and assets of $48K (revenue +13.2% year-over-year).
- 2018: Revenue of $403K, expenses of $402K, and assets of $43K (revenue +5.7% year-over-year).
- 2017: Revenue of $381K, expenses of $382K, and assets of $47K (revenue +4.7% year-over-year).
- 2016: Revenue of $364K, expenses of $367K, and assets of $47K (revenue +12.3% year-over-year).
- 2015: Revenue of $324K, expenses of $325K, and assets of $39K (revenue +24.2% year-over-year).
- 2014: Revenue of $261K, expenses of $259K, and assets of $34K (revenue -2.6% year-over-year).
- 2013: Revenue of $268K, expenses of $279K, and assets of $32K (revenue +5.0% year-over-year).
- 2012: Revenue of $256K, expenses of $248K, and assets of $44K (revenue +5.9% year-over-year).
- 2011: Revenue of $241K, expenses of $223K, and assets of $29K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Happy Hearts:
Data Sources and Methodology
This transparency report for Happy Hearts is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.